VANCOUVER, BRITISH COLUMBIA, June 1 /CNW/ - CAPELLA RE
SOURCES LTD. (TSX
VENTURE:CPS) ("Capella" or the "Company") is pleased to announce that it has
agreed to increase the total gross aggregate proceeds in its financing with
Dundee Securities Corporation as announced on May 29, 2007, from total
aggregate proceeds of up to $10,000,010, to total aggregate proceeds of up to
The number of securities to be sold in this financing has been amended by
an increase in the number of Flow Through Common Shares ("FT Shares") from up
to previously announced 6,370,000 FT Shares to 7,730,000 FT Shares at a price
of $1.10 per FT Share for maximum aggregate gross proceeds of $8,503,000, and
a decrease in the number of Units from up to previously announced 2,730,000
Units at a price of $1.10 per Unit to up to 2,014,600 Units, with each Unit
consisting of one common share of the Company and one-half of one transferable
common share purchase warrant of the Company at an exercise price of $1.40,
exercisable for a period of 18 months after the closing date, for maximum
aggregate gross proceeds of $2,216,060.
All other terms to this financing set out in the Company's May 29, 2007
news release remain the same.
Per: "R.A. "Bruce McDonald"
R.A. Bruce McDonald, Chairman of the Board
This press release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information:
For further information: Skyline Investor Relations Brian Cole,
1-866-433-3356 or 604-733-3356 firstname.lastname@example.org